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Food Empires Crack, Fuel Subsidies Buckle, and Hormuz Looms Large

Food Empires Crack, Fuel Subsidies Buckle, and Hormuz Looms Large

Editorial digest April 09, 2026 Last updated : 11:05 The world's biggest food companies are slicing themselves apart. Governments are being told their energy handouts are unsustainable. And the narrow waterway through which a fifth of the world's oil passes is now a geopolitical bargaining chip.

The Ceasefire Hangover: Markets Sober Up as Britain Counts the Cost

The Ceasefire Hangover: Markets Sober Up as Britain Counts the Cost

Editorial digest April 09, 2026 Last updated : 09:18 The rally lasted about twelve hours. After Tuesday's euphoric surge on news of a US-Iran ceasefire, European markets opened Wednesday in retreat — the FTSE 100 down 0.1%, the Dax shedding 0.6% — as traders confronted an uncomfortable truth:

A Fragile Ceasefire, a Market Rally, and the Energy Crisis That Won't Quit

A Fragile Ceasefire, a Market Rally, and the Energy Crisis That Won't Quit

Editorial digest April 09, 2026 Last updated : 00:43 Markets exhaled on Wednesday. Oil crashed by as much as 15%, Wall Street posted its strongest rally in a year, and for a brief moment the world looked like it might step back from the brink of an energy catastrophe. The